I need help with journal entry M please and explain the reasoning.

Exercise 14-24 (Static) Recording and Reporting Transactions [LO 14-3, 14-5] [The following information applies to the questions displayed below.] INVOLVE was incorporated as a not-for-profit organization on January 1, 2023. During the fiscal year ended December 31 , 2023, the following transactions occurred. 1. A business donated rent-free office space to the organization that would normally rent for $35,000 a year. 2. A fund drive raised $185,000 in cash and $100,000 in pledges that will be paid next year. A state government grant of $150,000 was received for program operating costs related to public health education. 3. Salaries and fringe benefits paid during the year amounted to $208,560. At year-end, an additional $16,000 of salaries and fringe benefits were accrued. 4. A donor pledged $100,000 for construction of a new building, payable over five fiscal years, commencing in 2025 . The discounted value of the pledge is expected to be $94,260. 5. Office equipment was purchased for $12,000. The useful life of the equipment is estimated to be five years. Office furniture with a fair value of $9,600 was donated by a local office supply company. The furniture has an estimated useful life of 10 years. Furniture and equipment are considered net assets without donor restrictions by INVOLVE. year were $8,300, and supplies expense was $4,300 for the year. At year-end, an immaterial amount of supplies 7. Volunteers contribut and the balance in accounts payable was $3,600. 7. Volunteers contributed $15,000 of time to help with answering the phones, mailing materials, and various other clerical activities. activities. remained on nana ana the palance in accounts payabie was $s,0u. 7. Volunteers contributed $15,000 of time to help with answering the phones, mailing materials, and various other clerical activities. 8. It is estimated that 90 percent of the pledges made for the 2024 year will be collected. Depreciation expense is recorded for the full year on the assets recorded in item 5. 9. All expenses were allocated to program services and support services in the following percent rges: public health education, 35 percent; community service, 30 percent; management and general, 20 percent; and fund-raising, 15 percent. 10. Net assets were released to reflect satisfaction of state grant requirements that the grant resources be used for public health education program purposes. 11. All nominal accounts were closed to the appropriate net asset accounts. Exercise 14-24 (Static) Part a Required a. Prepare journal entries to record these transactions. Expense transactions should be initially recorded by object classification; in entry 9, expenses will be allocated to functions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Transaction & General Journal & & Debit & Credit \\ \hline \multirow[t]{2}{*}{A} & 01 & Rent Expense & ( ) & 35,000 & - \\ \hline & & Contributions-Without Donor Restrictions & 0 & & 35,000 \\ \hline \multirow[t]{4}{*}{B} & 02 & Contributions Receivable & 0 & 100,000 & \\ \hline & & Cash & 0 & 335,000 & \\ \hline & : & Contributions-With Donor Restrictions-Program & 0 & & 150,000 \\ \hline & & Contributions-Without Donor Restrictions & 0 & & 185,000 \\ \hline \multirow[t]{3}{*}{ C } & 03 & Salaries and Benefits Expense & 0 & 224,560 & \\ \hline & & Cash & 0 & & 208,560 \\ \hline & & Salaries and Benefits Payable & (2) & & 16,000 \\ \hline & & & & & \\ \hline \end{tabular} Required information \begin{tabular}{|c|c|c|c|c|c|} \hline G & 07 & No Journal Entry Required & ( & - & \\ \hline \multirow{4}{*}{H} & & & & & \\ \hline & 8(a) & Provision for Uncollectible Pledges & () & 10,000 & \\ \hline & & Allowance for Uncollectible Pledges & (.) & & 10,000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{1} & 8(b) & Depreciation Expense & () & 3,360 & \\ \hline & & Allowance for Depreciation - Equipment and Furniture & 0 & & 3,360 \\ \hline & & 21 & & & \\ \hline \multirow[t]{7}{*}{J} & 09 & Public Health Education Program & 0 & 105,952 & \\ \hline & & Community Service Program & 0 & 90,816 & \\ \hline & & Management and General & (2) & 60,544 & \\ \hline & & Fund-Raising & (1) & 45,408 & \\ \hline & & Salaries and Benefits Expense & (1) & & 224,560 \\ \hline & & Rent Expense & (1) & & 35,000 \\ \hline & & Talankmann Comannm & at & & connal \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multirow[t]{7}{*}{ L } & 11(a) & Contributions-Without Donor Restrictions & 229,600 & \\ \hline & & Net Assets Without Donor Restrictions & & \\ \hline & & Public Health Education Program & - & 105,952 \\ \hline & & Community Service Program & & 90,8160 \\ \hline & & Management and General & & 60,544 \\ \hline & & 0 & & 45,408 \\ \hline & & & & \\ \hline \multirow[t]{4}{*}{ M } & 11(b) & Contributions-With Donor Restrictions-Program & 150,0000 & \\ \hline & & Contributions-With Donor Restrictions-Time & & \\ \hline & & Net Assets With Donor Restrictions & & \\ \hline & & & & \\ \hline \multirow[t]{3}{*}{N} & 11(c) & Net Assets With Donor Restrictions & 105,952 & 0 \\ \hline & & Net Assets Released_Satisfaction of Purpose Restriction -With Donor Res & & 105,9520 \\ \hline & & - & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & & - & - & \\ \hline \multirow[t]{3}{*}{M} & 11 (b) & Contributions - With Donor Restrictions-Program & 150,000 & \\ \hline & & Contributions-With Donor Restrictions-Time & & \\ \hline & & Net Assets With Donor Restrictions & & : \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{N} & 11(c) & Net Assets With Donor Restrictions & 105,952 & \\ \hline & & Net Assets Released - Satisfaction of Purpose Restriction - With Donor Res Q & & 105,952 \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{0} & 11(d) & Net Assets Released - Satisfaction of Purpose Restriction - Without Donor Re & 105,952 & \\ \hline & & Net Assets Without Donor Restrictions & & 105,952 \\ \hline \end{tabular}